Sovereign investment dispute resolution is broken

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The story "Sovereign investment dispute resolution is broken" was covered 1 days ago by Financial Times, a news publisher based in United States.

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Financial Times 1d ago

Sovereign investment dispute resolution is broken - Financial Times

Quick Summary:

Once hailed as a more efficient means of resolving international investment disputes, arbitration has degenerated into an arcane, interminable, and freakishly expensive process.

When two sides have spent years watching their mercenaries exchange blows, the hardest part is getting to the negotiating table: backchannel conversations that resolve sovereign claims are more in the realm of diplomacy than of law and finance.

Having invested years of effort and millions of dollars (sometimes tens of millions) in legal fees, creditors of refuseniks end up in court anyway.